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Flipkart’s Big Homecoming: E-Commerce Giant to Relocate Holding Company from Singapore to India Ahead of IPO

Updated: April 22, 2025 08:51

Image Source: Inc42
In a historic move, Flipkart announced plans to relocate its holding company's headquarters from Singapore to India, a dramatic "reverse flip" as the e-commerce market leader prepares for a highly awaited public float on Indian bourses by late 2025 or early 2026.
 
Major Points:
 
Flipkart's board has formally sanctioned the move, synchronizing the company's legal entity with its fundamental Indian operations and accessing the nation's thriving digital economy.
 
The shift is one of an increasing number of Indian tech startups—such as PhonePe, Zepto, and Groww—to relocate their headquarters back to India in order to gain access to beneficial IPO terms and domestic valuations.
 
Flipkart's leadership stressed that the change will increase agility, focus, and serving Indian customers, sellers, and partners, and reiterating a long-term commitment to India's growth story.
 
The company, whose last valuation stood at $33-36 billion, is likely to incur a big tax outgo during the transition, as other companies that have recently redomiciled.
 
Flipkart has already initiated restructuring of capital and rationalizing subsidiaries to gear up for the move and the soon-to-happen IPO.
 
The strategic relocation has been described as a "natural evolution" of the Bengaluru-born entity that began life in 2007 and grew to become a Walmart-owned behemoth following a $16 billion purchase in 2018.
 
The shift remains dependent on regulatory clearances and will further rev up India's startup and capital markets ecosystem.
 
Source: Times of India, Inc42, Business Today

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